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$ 2,600,000
Est. payment /mo
Active
4956 Romaine ST Los Angeles, CA 90029
16 Beds
16 Baths
11,326 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 11,326 sqft
Price per Sqft $229
MLS Listing ID 25631175
Bedrooms 16
HOA Y/N No
Year Built 1964
Lot Size 9,901 Sqft
Property Description
BACK ON MARKET - Buyer didn't perform. Prime Hollywood investment opportunity featuring 16 one-bedroom, one-bathroom units, each with its own assigned parking space. Offered at $2,600,000 (approximately $162,500 per unit), this well-maintained asset delivers strong in-place income with a cap rate of approximately 6.25% and immediate upside. One vacant unit allows a new owner to lease at market and increase cash flow from day one, with additional upside through rent growth and operational improvements. The excellent unit mix, favorable parking ratio, and sought-after Hollywood location make this a compelling opportunity for both value-add and long-term investors.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LARD1.5
Interior
Cooling None
Fireplace No
Exterior
Parking Features Assigned, Covered, Gated
Total Parking Spaces 16
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5538004001
Special Listing Condition Standard
Listed by George Morales Compass #01984555
Nearby Locations